Quarterly ResultMay 14, 2026, 04:14 PM
Aqua Metals Q1 2026 Progress; Net Loss $(3.95)M; Lion Energy Deal Off
AI Summary
Aqua Metals reported its first quarter 2026 operational and financial results, highlighting continued progress in commercializing its AquaRefining™ technology for lithium battery recycling. The company is advancing site selection and engineering for its first commercial facility. Aqua Metals also announced it will not proceed with the acquisition of Lion Energy under the previously outlined terms, citing a disciplined approach to capital structure. For Q1 2026, the company reported a net loss of $(3.95) million, an improvement from $(8.32) million in Q1 2025.
Key Highlights
- Net loss for Q1 2026 was $(3.95) million, compared to $(8.32) million in Q1 2025.
- Basic and diluted net loss per share was $(1.22) for Q1 2026, down from $(10.27) in Q1 2025.
- Cash and cash equivalents stood at $6.82 million as of March 31, 2026.
- Total assets were $17.12 million as of March 31, 2026.
- Aqua Metals will not proceed with the acquisition of Lion Energy under prior terms.
- Successfully produced battery-grade lithium carbonate from multiple recycled feedstocks.
- Produced high-purity manganese sulfate at approximately 99.8% purity.
- Advancing site selection and engineering for its first commercial lithium battery recycling facility.